Foreword xi
Preface xiii
Attitude Survey xvii
Chapter 1 The Road to Success: Fundamental, Technical, of Mental Analysis?
In the Beginning: Fundamental Analysis 1
The Shift to Technical Analysis 3
The Shift to Mental Analysis 4
Chapter 2 The Lure (and the Dangers) of Trading
The Attraction 17
The Dangers 20
The Safeguards 25
Problem: The Unwillingness to Greate Rules 27
Problem: Failure to Take Responsibility 28
Problem: Addiction to Random Rewards 30
Problem: External versus Internal Control 31
Chapter 3 Taking Responsibility
Shaping Your Mental Environment 34
Reacting to Loss 38
Winners, Losers, Boomers, and Busters 50
Chapter 4 Consistency: A State of Mind
Thinking About Trading 58
Really Understanding Risk 61
Aligning Your Mental Environment 64
Chapter 5 The Dynamics of Perception
Debugging Your Mental Software 70
Perception and Learning 74
Perception and Risk 79
The Power of Association 80
Chapter 6 The Market's Perspective
The "Uncertainty" Principle 88
The Market's Most Fundamental Characteristic 93
Chapter 7 The Trader's Edge: Thinking in Probabilities
Paradox: Random Outcome, Consistent Results 102
Trading in the Moment 106
Managing Expectations 113
Eliminating the Emotional Risk 120
Chapter 8 Working with Your Beliefs
Defining the Problem 125
Defining the Terms 128
How the Fundamental Truths Relate to the Skills 130
Moving Toward "the Zone" 135
Chapter 9 The Nature of Beliefs
The Origins of a Belief 139
Beliefs and Their Impact on Our Lives 142
Beliefs vs. the Truth 147
Chapter 10 The Impact of Beliefs on Trading
The Primary Characteristics of a Belief 153
Self-Evaluation and Trading 167
Chapter 11 Thinking Like a Trader
The Mechanical Stage 173
The Role of Self-Discipline 179
Creating a Belief in Consistency 184
Exercise: Learning to Trade and Edge like a Casino 189
A Final Note 201
Attitude Survey 203
Index 209